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In the forth-quarter GDP grew 2.9 %
GDP, U.S. Economy
The U.S. economy grew at a solid pace during the October-through-December period, as consumer spending, investments and exports play major role in the advance.
In the forth-quarter U.S. economy grew by 2.9 % to $19,739 billions, an increase from $19,501 billions in the third-quarter on the seasonally adjusted basis. One of the big stories of the forth-quarter was strong consumer spending. There was also an increase in businesses investments and the trade sector made also positive contribution.
Broad-based economic growth at a solid pace during the forth-quarter, raises hopes that, the U.S. economy is on self-sustaining path. The first estimate of GDP will be revised twice before it becomes final. The advance report includes estimates for trade and inventory growth. U.S. Gross National Product grew by 2.6 % over the past 12 months, as consumer spending, investments and exports play major role in the advance. |
In the forth-quarter consumer spending grew by 4.0 %
With estimated annual rate of $13,654 billions, seasonally adjusted in the third-quarter, consumer spending accounts for 70.02 % of economic activity on the seasonally adjusted basis, led by growing demand for financial services.
Spending on U.S. made Goods increased by 4.8 %, where consumption of Durable Goods grew by 13.7 %, led by growing demand for new cars.
Growth in nondurable goods of 2.3 %, was helped by improving consumption gasoline and other energy goods, up 10.64 %.
Sevice sector grew more than in previous quarter and faster than gross national product, spending on service increased by 7.8 %, led by growing demand for financial services. Consumer spending for services accounts for 68.9% of total speding and 47.45% of total GDP.
Final sales for domestic product, considered a measure of domestic demand because it excludes inventories and trade, jumped at a 3.4 % rate in the forth-quarter after rising 2.4 % in the third-quarter.
The government provides three estimates of economic growth per quarter, with each reflecting more complete information than the last.
For the year 2017 U.S. output have climbed by 2.3 %, faster than 1.5 % in the year 2016.
• More on U.S. Real Gross Domestic Product
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Contributions
to Percent Change in Real GDP |
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2.75% |
0.78% |
0.51% |
-1.16% |
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Government Consumption |
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Government consumption expenditure and gross investment surged by 3.00 %, federal spending rose 3.20 %, including an 5.50 % rise in national defense spending. Government spending on national defense accounts for 3.84 % of total nation's output and 22.29 % of total government spending.
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International Trade |
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Diversified |
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Investments jumped in forth-quarter by 4.70 % to $3,295 billions, but slow down compare to the July-through-September period on the seasonally adjusted basis, reported by the U.S. Commerce Department.
Businesses, for their part, ratcheted up investments by 6.80 %, improved capital spending and investments in new equipment, are sines of strong business confidence, wich could lead to increase in profits and employement. Purchases of software and equipment surged 11.60 % and accelerated, investments in structures such as offices increased 6.30 % and added 1.31 of a percentage point to forth-quarter growth.
Slower inventory buildup acted as a major drag on growth. The reduction in the buildup in inventories subtracted -0.53 percentage points from GDP growth.
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U.S. growth would have been even faster if imports, which subtract from GDP, hadn't increased sharply: Imports rose 14.10 % from -0.70 % in the forth-quarter.
• Relation of U.S. GDP, U.S. GNP
• Corporate Profits by Industry
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Quarters seasonally adjusted
(At annual rates Q / Q, in %) |
IV Quarter
2017
adv. |
III Quarter
2017
final |
II Quarter
2017
rev. |
I Quarter
2017
adv. |
IV Quarter
2016
final |
III Quarter
2016
rev. |
| Gross domestic product (GDP) |
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2.9 % |
3.2 % |
3.1 % |
1.4 % |
2.1 % |
3.5 % |
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Personal consumption expenditures |
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4 % |
2.2 % |
3.3 % |
1.1 % |
3.5 % |
3 % |
| Goods |
|
4.8 % |
2.3 % |
4.2 % |
1.6 % |
3.3 % |
-0.5 % |
| Durable goods |
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13.7 % |
8.6 % |
7.6 % |
-1.6 % |
11.4 % |
11.6 % |
| Nondurable goods |
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2.3 % |
1.1 % |
2.3 % |
1.4 % |
2.4 % |
2.7 % |
| Services
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7.8 % |
4.5 % |
5.4 % |
0.5 % |
6 % |
3.5 % |
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Gross private domestic investment |
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4.7 % |
7.3 % |
3.9 % |
3.7 % |
9.4 % |
3 % |
| Fixed investment |
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8.2 % |
2.4 % |
3.2 % |
11 % |
2.9 % |
0.1 % |
| Nonresidential |
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6.8 % |
4.7 % |
6.7 % |
10.4 % |
0.9 % |
1.4 % |
| Structures |
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6.3 % |
-7 % |
7 % |
22.6 % |
-1.9 % |
12 % |
| Equipment &
software |
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11.6 % |
10.8 % |
8.8 % |
7.8 % |
1.9 % |
-4.5 % |
| Residential |
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12.8 % |
-4.7 % |
-7.3 % |
13 % |
9.6 % |
-4.1 % |
| Change in private
inventories |
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- % |
- % |
- % |
- % |
- % |
- % |
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Net exports of goods and services |
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| Exports
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7 % |
2.1 % |
3.5 % |
7 % |
-4.5 % |
10 % |
| Goods |
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11.6 % |
1.8 % |
2.2 % |
10.5 % |
-6.7 % |
14.4 % |
| Services |
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-1.4 % |
2.5 % |
6.2 % |
0.7 % |
-0.1 % |
2 % |
| Imports
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14.1 % |
-0.7 % |
1.5 % |
4 % |
9 % |
2.2 % |
| Goods |
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17.3 % |
-0.2 % |
1.3 % |
4.4 % |
10.9 % |
0.5 % |
| Services |
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1.1 % |
-2.6 % |
2.2 % |
2.4 % |
0.7 % |
9.8 % |
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| Govt. consumption exp.
& gross investment |
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3 % |
0.7 % |
-0.2 % |
-0.9 % |
0.2 % |
0.8 % |
| Federal |
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3.2 % |
1.3 % |
1.9 % |
-2 % |
-1.2 % |
2.4 % |
| National defense |
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5.5 % |
2.4 % |
4.7 % |
-3.9 % |
-3.6 % |
2 % |
| Nondefense |
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-0.1 % |
-0.2 % |
-1.9 % |
0.7 % |
2.3 % |
3 % |
| State & local |
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2.9 % |
0.2 % |
-1.5 % |
-0.2 % |
1 % |
-0.2 % |
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| Addenda: |
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| Final sales of domestic product |
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3.4 % |
2.4 % |
2.9 % |
2.6 % |
1.1 % |
3 % |
| Gross domestic purchases |
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4 % |
2.7 % |
2.8 % |
1.2 % |
3.9 % |
2.6 % |
| Final sales to domestic
purchasers |
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4.5 % |
1.9 % |
2.7 % |
2.3 % |
2.8 % |
2.1 % |
| Gross national product
(GNP) |
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2.7 % |
3.7 % |
2.8 % |
1.1 % |
2.9 % |
3.4 % |
| Disposable personal income |
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1.1 % |
0.5 % |
3.3 % |
1.7 % |
2 % |
2.6 % |
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| Current-dollar measures: |
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| GDP |
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5.3 % |
5.3 % |
4.1 % |
3.4 % |
4.2 % |
5 % |
| Final sales of domestic product |
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4.8 % |
2.2 % |
3.3 % |
2.9 % |
3.4 % |
2.4 % |
| Gross domestic purchases |
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4 % |
2.7 % |
2.8 % |
1.2 % |
3.9 % |
2.6 % |
| Final sales to domestic purchasers |
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4.5 % |
1.9 % |
2.7 % |
2.3 % |
2.8 % |
2.1 % |
| GNP |
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2.7 % |
3.7 % |
2.8 % |
1.1 % |
2.9 % |
3.4 % |
| Disposable personal income |
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1.1 % |
0.5 % |
3.3 % |
1.7 % |
2 % |
2.6 % |
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Quarters seasonally adjusted
(Quarterly Y / Y, in %) |
IV Quarter
2017
adv. |
III Quarter
2017
final |
II Quarter
2017
rev. |
I Quarter
2017
adv. |
IV Quarter
2016
final |
III Quarter
2016
rev. |
| Gross domestic product (GDP) |
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2.6 % |
2.3 % |
2.2 % |
2.1 % |
2 % |
1.7 % |
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Personal consumption expenditures |
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2.8 % |
2.6 % |
2.7 % |
3 % |
3.1 % |
2.8 % |
| Goods |
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3.1 % |
2.4 % |
2 % |
2.5 % |
2.6 % |
2.1 % |
| Durable goods |
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7.3 % |
6.1 % |
6.8 % |
7.7 % |
7.9 % |
6.1 % |
| Nondurable goods |
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2.1 % |
2.1 % |
2.3 % |
2.4 % |
2.5 % |
2.5 % |
| Services
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4.5 % |
3.7 % |
3.6 % |
4.2 % |
4.4 % |
3.4 % |
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Gross private domestic investment |
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3.6 % |
4.6 % |
3.3 % |
1.9 % |
0.1 % |
-2.7 % |
| Fixed investment |
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5.4 % |
3.8 % |
3.7 % |
3.1 % |
0.2 % |
-0.5 % |
| Nonresidential |
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6.3 % |
4.6 % |
4.4 % |
3.3 % |
-0.1 % |
-1.1 % |
| Structures |
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5 % |
2.9 % |
8.1 % |
7.1 % |
1.9 % |
-1.8 % |
| Equipment &
software |
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8.9 % |
6.3 % |
3.1 % |
0.5 % |
-3.8 % |
-4.9 % |
| Residential |
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2.6 % |
1.2 % |
1.5 % |
2.3 % |
1.1 % |
1.5 % |
| Change in private
inventories |
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- % |
- % |
- % |
- % |
- % |
- % |
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Net exports of goods and services |
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| Exports
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5 % |
2.2 % |
3.3 % |
3.4 % |
1.5 % |
2 % |
| Goods |
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6.5 % |
2.7 % |
4.3 % |
4.7 % |
2.1 % |
2.7 % |
| Services |
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2 % |
1.3 % |
1.4 % |
1.1 % |
0.4 % |
0.7 % |
| Imports
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4.7 % |
3.1 % |
4.1 % |
3.8 % |
2.6 % |
0.6 % |
| Goods |
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5.5 % |
3.6 % |
4.1 % |
3.9 % |
2.4 % |
- % |
| Services |
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0.8 % |
1.2 % |
4 % |
3.4 % |
3.4 % |
3.5 % |
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| Govt. consumption exp.
& gross investment |
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0.7 % |
-0.1 % |
-0.1 % |
-0.4 % |
0.2 % |
0.4 % |
| Federal |
|
1 % |
0.1 % |
0.1 % |
-0.3 % |
-0.2 % |
1 % |
| National defense |
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2.3 % |
0.1 % |
0.1 % |
-2.2 % |
-2 % |
- % |
| Nondefense |
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-0.9 % |
- % |
0.2 % |
2.4 % |
2.5 % |
2.6 % |
| State & local |
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0.5 % |
-0.1 % |
-0.2 % |
-0.5 % |
0.4 % |
- % |
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| Addenda: |
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| Final sales of domestic product |
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2.9 % |
2.2 % |
2.3 % |
2.3 % |
2 % |
2 % |
| Gross domestic purchases |
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2.6 % |
2.5 % |
2.3 % |
2.2 % |
2.1 % |
1.5 % |
| Final sales to domestic
purchasers |
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2.9 % |
2.2 % |
2.3 % |
2.3 % |
2 % |
2 % |
| Gross national product
(GNP) |
|
2.5 % |
2.4 % |
2.2 % |
2.4 % |
2.1 % |
1.7 % |
| Disposable personal income |
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1.8 % |
1 % |
1.2 % |
1.8 % |
2.5 % |
2.7 % |
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| Current-dollar measures: |
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| GDP |
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- % |
- % |
- % |
- % |
- % |
- % |
| Final sales of domestic product |
|
- % |
- % |
- % |
- % |
- % |
- % |
| Gross domestic purchases |
|
- % |
- % |
- % |
- % |
- % |
- % |
| Final sales to domestic purchasers |
|
- % |
- % |
- % |
- % |
- % |
- % |
| GNP |
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- % |
- % |
- % |
- % |
- % |
- % |
| Disposable personal income |
|
- % |
- % |
- % |
- % |
- % |
- % |
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U.S. Real Gross Domestic Product and Related Measures
GDP, U.S. Economy in Billions of U.S. dollars
Quarters seasonally adjusted
(At annual rates, in Billions of Dollars) |
IV Q. 2017
adv. |
III Q. 2017
final |
II Q. 2017
rev. |
I Q. 2017
adv. |
IV Q. 2016
final |
III Q. 2016
rev. |
| Gross domestic product
(GDP) |
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19,754.1 |
19,500.6 |
19,250.0 |
19,027.1 |
18,869.4 |
18,675.3 |
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Personal consumption expenditures |
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13,654.3 |
13,429.1 |
13,307.0 |
13,120.4 |
13,008.9 |
12,832.2 |
| Goods |
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4,401.8 |
4,301.4 |
4,247.2 |
4,220.6 |
4,187.5 |
4,111.9 |
| Durable
goods |
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1,517.8 |
1,477.6 |
1,456.6 |
1,438.9 |
1,440.9 |
1,414.0 |
| Motor vehicles & parts |
|
519.8 |
497.8 |
486.3 |
481.4 |
498.9 |
481.7 |
| Furniture & household equipment |
|
346.8 |
339.1 |
335.9 |
321.9 |
318.4 |
317.5 |
| Other |
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237.9 |
234.5 |
228.6 |
222.9 |
223.1 |
219.6 |
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| Nondurable goods |
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2,884.0 |
2,823.8 |
2,790.6 |
2,781.7 |
2,746.6 |
2,697.9 |
| Food off-premises consumption |
|
955.3 |
939.1 |
930.8 |
938.0 |
929.6 |
917.4 |
| Clothing
& shoes |
|
405.5 |
399.8 |
399.5 |
382.2 |
382.6 |
384.4 |
| Gasoline,
fuel, oil & other energy goods |
|
327.5 |
296.0 |
286.5 |
307.2 |
294.9 |
268.9 |
| Other |
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1,195.7 |
1,188.8 |
1,173.7 |
1,154.4 |
1,139.6 |
1,127.2 |
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| Services |
|
9,252.5 |
9,127.7 |
9,059.8 |
8,899.8 |
8,821.4 |
8,720.3 |
| Housing |
|
8,870.0 |
8,755.2 |
8,683.1 |
8,534.7 |
8,461.4 |
8,362.2 |
| Food services |
|
888.8 |
879.5 |
873.8 |
873.6 |
863.0 |
857.5 |
| Electricity & gas |
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2,476.5 |
2,443.2 |
2,425.8 |
2,379.5 |
2,366.6 |
2,351.7 |
| Financial services |
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1,085.2 |
1,060.2 |
1,047.1 |
995.3 |
979.0 |
968.4 |
| Transportation |
|
412.2 |
404.4 |
406.1 |
381.8 |
384.8 |
377.8 |
| Medical
care |
|
2,299.3 |
2,271.7 |
2,241.9 |
2,256.4 |
2,236.6 |
2,197.6 |
| Recreation |
|
522.6 |
520.8 |
515.7 |
502.9 |
493.8 |
485.7 |
| Other |
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1,185.4 |
1,175.3 |
1,172.7 |
1,145.3 |
1,137.5 |
1,123.4 |
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Gross private domestic investment |
|
3,295.3 |
3,249.2 |
3,178.1 |
3,139.5 |
3,101.4 |
3,017.2 |
| Fixed investment |
|
3,279.2 |
3,207.3 |
3,173.3 |
3,139.6 |
3,049.0 |
3,013.1 |
| Nonresidential |
|
2,513.0 |
2,468.4 |
2,433.6 |
2,389.1 |
2,324.2 |
2,313.8 |
| Structures |
|
570.3 |
559.0 |
563.0 |
530.9 |
501.3 |
500.5 |
| Equipment & software |
|
1,142.5 |
1,111.0 |
1,082.3 |
1,074.8 |
1,053.5 |
1,049.3 |
| Information processing equipment & software |
|
334.7 |
327.7 |
319.3 |
333.0 |
324.4 |
322.8 |
| Computers & peripheral equipment |
|
79.2 |
84.9 |
80.1 |
77.5 |
74.4 |
77.0 |
| Software |
|
373.2 |
375.9 |
370.6 |
347.6 |
343.7 |
342.6 |
| Other |
|
255.5 |
242.8 |
239.2 |
255.5 |
250.0 |
245.8 |
| Industrial equipment |
|
250.6 |
246.7 |
241.7 |
233.7 |
228.7 |
226.1 |
| Transportation equipment |
|
302.4 |
292.8 |
283.5 |
293.1 |
286.6 |
286.7 |
| Other equipment |
|
254.8 |
243.8 |
237.8 |
215.0 |
213.8 |
213.7 |
| Residential |
|
766.2 |
738.9 |
739.7 |
750.5 |
724.8 |
699.3 |
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| Change
in private inventories |
|
16.0 |
41.9 |
4.9 |
-0.1 |
52.4 |
4.1 |
| Farm |
|
3.5 |
3.4 |
0.3 |
-7.6 |
-9.2 |
-2.7 |
| Nonfarm |
|
12.5 |
38.5 |
4.6 |
7.5 |
61.5 |
6.7 |
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| Net
exports of goods & services |
|
-602.0 |
-534.1 |
-567.2 |
-562.8 |
-545.2 |
-460.0 |
| Exports |
|
2,419.6 |
2,345.9 |
2,314.9 |
2,319.4 |
2,264.8 |
2,276.3 |
| Goods |
|
1,607.4 |
1,544.1 |
1,520.9 |
1,524.5 |
1,476.0 |
1,495.4 |
| Services |
|
812.2 |
801.8 |
794.0 |
794.9 |
788.8 |
780.9 |
| |
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| Imports |
|
3,021.6 |
2,880.1 |
2,882.1 |
2,882.2 |
2,810.0 |
2,736.2 |
| Goods |
|
2,478.6 |
2,345.2 |
2,350.3 |
2,362.2 |
2,294.6 |
2,222.7 |
| Services |
|
543.0 |
534.8 |
531.9 |
520.1 |
515.4 |
513.5 |
| |
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| Govt. consumption exp. & investment |
|
3,406.6 |
3,356.5 |
3,332.1 |
3,330.1 |
3,304.3 |
3,285.9 |
| Federal |
|
1,278.9 |
1,263.5 |
1,255.8 |
1,260.3 |
1,253.2 |
1,251.8 |
|
National defense |
|
759.4 |
746.7 |
741.4 |
732.1 |
732.0 |
736.0 |
|
Consumption expenditures |
|
598.5 |
590.1 |
584.7 |
583.9 |
586.3 |
591.3 |
|
Gross investment |
|
160.9 |
156.5 |
156.6 |
148.2 |
145.7 |
144.7 |
|
Nondefense |
|
519.5 |
516.9 |
514.5 |
528.2 |
521.2 |
515.8 |
|
Consumption expenditures |
|
392.9 |
391.0 |
386.1 |
402.6 |
397.4 |
393.7 |
|
Gross investment |
|
126.5 |
125.9 |
128.4 |
125.7 |
123.8 |
122.2 |
| State and local |
|
2,127.7 |
2,092.9 |
2,076.2 |
2,069.8 |
2,051.1 |
2,034.1 |
| Consumption
expenditures |
|
1,780.8 |
1,759.8 |
1,743.7 |
1,717.1 |
1,697.9 |
1,687.4 |
| Gross
investment |
|
346.9 |
333.1 |
332.5 |
352.6 |
353.2 |
346.7 |
| |
|
|
|
|
|
|
|
| Addenda: |
|
|
|
|
|
|
|
| Final sales of domestic product |
|
19,738.1 |
19,458.7 |
19,245.2 |
19,027.2 |
18,817.0 |
18,671.2 |
| Gross domestic purchases |
|
20,356.1 |
20,034.8 |
19,817.2 |
19,589.9 |
19,414.6 |
19,135.2 |
| Final sales to domestic purchasers |
|
19,738.1 |
19,458.7 |
19,245.2 |
19,027.2 |
18,817.0 |
18,671.2 |
| Gross national product |
|
19,976.4 |
19,728.9 |
19,452.4 |
19,255.5 |
19,112.4 |
18,879.3 |
| Net domestic product |
|
16,674.1 |
16,448.5 |
16,229.3 |
16,056.6 |
15,924.7 |
15,753.6 |
Annual U.S. Real Gross Domestic Product and Related Measures
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Quarters seasonally adjusted
(At annual rates Q / Q, in %) |
2017
|
2016
|
2015
|
2014
|
2013
|
2012
|
| Gross domestic product (GDP) |
|
2.3 % |
1.5 % |
2.6 % |
2.4 % |
2.2 % |
2.8 % |
|
Personal consumption expenditures |
|
2.8 % |
2.7 % |
3.2 % |
2.5 % |
2.4 % |
2.2 % |
| Goods |
|
2.4 % |
2.8 % |
2.6 % |
1.8 % |
1.9 % |
1.4 % |
| Durable goods |
|
3.9 % |
3.7 % |
4 % |
6.9 % |
6.7 % |
7.7 % |
| Nondurable goods |
|
2.2 % |
2.3 % |
2.8 % |
2.1 % |
1.9 % |
1.6 % |
| Services
|
|
3.3 % |
-1.6 % |
5 % |
3.4 % |
3.4 % |
3.3 % |
| |
|
|
|
|
|
|
|
Gross private domestic investment |
|
6.7 % |
5.5 % |
6.9 % |
5.8 % |
4.9 % |
9.5 % |
| Fixed investment |
|
4.7 % |
-0.6 % |
2.1 % |
5.3 % |
4.7 % |
8.3 % |
| Nonresidential |
|
5.6 % |
-4.1 % |
-4.4 % |
6.3 % |
3 % |
7.3 % |
| Structures |
|
4.8 % |
-3.4 % |
3.5 % |
8.2 % |
-0.5 % |
12.7 % |
| Equipment &
software |
|
3.9 % |
6.3 % |
4.8 % |
6.4 % |
4.6 % |
7.6 % |
| Residential |
|
1.8 % |
5.5 % |
11.7 % |
4.8 % |
3.4 % |
3.4 % |
| Change in private
inventories |
|
- % |
- % |
- % |
- % |
- % |
- % |
| |
|
|
|
|
|
|
|
Net exports of goods and services |
|
|
|
|
|
|
| Exports
|
|
3.4 % |
-0.3 % |
0.1 % |
3.2 % |
3 % |
3.5 % |
| Goods |
|
4.5 % |
0.3 % |
-0.6 % |
4 % |
2.8 % |
3.8 % |
| Services |
|
1.3 % |
-1.5 % |
1.6 % |
1.4 % |
3.6 % |
3 % |
| Imports
|
|
4 % |
1.3 % |
4.6 % |
4 % |
1.1 % |
2.2 % |
| Goods |
|
4.3 % |
0.9 % |
4.9 % |
4.1 % |
0.9 % |
2.1 % |
| Services |
|
2.5 % |
3.1 % |
2.9 % |
3.6 % |
2.2 % |
2.7 % |
| |
|
|
|
|
|
|
| Govt. consumption exp.
& gross investment |
|
0.1 % |
0.8 % |
1.8 % |
-0.2 % |
-2 % |
-1.4 % |
| Federal |
|
0.2 % |
- % |
- % |
-1.9 % |
-5.7 % |
-3.2 % |
| National defense |
|
0.2 % |
-0.7 % |
-2.1 % |
-2.1 % |
-6.6 % |
1.8 % |
| Nondefense |
|
0.1 % |
1.2 % |
3.3 % |
-1.5 % |
-4.1 % |
-0.7 % |
| State & local |
|
0.1 % |
1.2 % |
2.9 % |
1 % |
0.5 % |
-0.7 % |
| |
|
|
|
|
|
|
| Addenda: |
|
|
|
|
|
|
| Final sales of domestic product |
|
2.4 % |
1.9 % |
2.4 % |
2.3 % |
2.2 % |
2.6 % |
| Gross domestic purchases |
|
2.4 % |
1.7 % |
3.2 % |
2.5 % |
1.9 % |
2.6 % |
| Final sales to domestic
purchasers |
|
2.5 % |
2.1 % |
3.1 % |
2.5 % |
1.9 % |
2.4 % |
| Gross national product
(GNP) |
|
2.3 % |
1.4 % |
2.3 % |
2.3 % |
2.2 % |
2.5 % |
| Disposable personal income |
|
1.2 % |
1.4 % |
3.5 % |
2.5 % |
2.2 % |
2.7 % |
| |
|
|
|
|
|
|
| Current-dollar measures: |
|
|
|
|
|
|
| GDP |
|
4.1 % |
2.8 % |
3.7 % |
3.9 % |
- % |
4.6 % |
| Final sales of domestic product |
|
3.5 % |
2.1 % |
3.6 % |
3.9 % |
3.7 % |
4.4 % |
| Gross domestic purchases |
|
3.8 % |
2.5 % |
3.7 % |
3.9 % |
3.7 % |
4.3 % |
| Final sales to domestic purchasers |
|
4.7 % |
3.5 % |
3.8 % |
3.9 % |
- % |
4.1 % |
| GNP |
|
4.2 % |
2.7 % |
3.4 % |
3.7 % |
3.2 % |
4.3 % |
| Disposable personal income |
|
2.9 % |
2.6 % |
3.8 % |
3.8 % |
3.7 % |
4.4 % |
| |
|
|
|
|
|
|
Annual U.S. GDP
(In Billions of Dollars) |
2017
|
2016
|
2015
|
2014
|
2013
|
2012
|
| Gross domestic product
(GDP) |
|
19,390.6 |
18,624.5 |
18,036.6 |
17,418.9 |
16,799.7 |
16,244.6 |
|
Personal consumption expenditures |
|
13,395.5 |
12,820.7 |
12,283.7 |
11,930.3 |
11,501.5 |
11,149.6 |
| Goods |
|
4,295.3 |
4,121.4 |
4,012.1 |
3,968.7 |
3,885.9 |
3,769.7 |
| Durable
goods |
|
1,473.8 |
1,411.0 |
1,355.2 |
1,302.5 |
1,263.0 |
1,202.7 |
| Motor vehicles & parts |
|
498.2 |
480.8 |
464.8 |
447.8 |
424.5 |
401.7 |
| Furniture & household equipment |
|
338.7 |
325.2 |
305.1 |
287.5 |
285.8 |
275.1 |
| Other |
|
405.8 |
385.5 |
376.6 |
205.5 |
205.0 |
191.3 |
| |
|
|
|
|
|
|
|
| Nondurable goods |
|
2,821.5 |
2,710.4 |
2,656.9 |
2,666.2 |
2,622.9 |
2,567.0 |
| Food off-premises consumption |
|
937.7 |
915.1 |
900.7 |
888.6 |
884.0 |
863.3 |
| Clothing
& shoes |
|
400.2 |
393.7 |
379.5 |
365.4 |
362.7 |
354.6 |
| Gasoline,
fuel, oil & other energy goods |
|
304.1 |
273.7 |
303.7 |
398.3 |
408.7 |
417.0 |
| Other |
|
1,172.8 |
1,126.1 |
1,076.9 |
1,013.9 |
967.5 |
932.1 |
| |
|
|
|
|
|
|
|
| Services |
|
9,100.2 |
8,699.3 |
8,271.6 |
7,961.7 |
7,615.7 |
7,379.9 |
| Housing |
|
8,723.3 |
8,340.4 |
7,943.7 |
7,633.7 |
7,326.2 |
7,089.4 |
| Food services |
|
878.2 |
849.2 |
808.8 |
755.5 |
736.5 |
701.7 |
| Electricity & gas |
|
3,197.2 |
3,022.1 |
2,963.2 |
2,166.0 |
2,082.5 |
2,013.9 |
| Financial services |
|
1,054.6 |
984.7 |
921.1 |
885.1 |
849.2 |
821.0 |
| Transportation |
|
406.6 |
392.5 |
368.4 |
344.9 |
324.3 |
318.1 |
| Medical
care |
|
2,259.9 |
2,163.7 |
2,069.0 |
1,997.2 |
1,918.6 |
1,847.6 |
| Recreation |
|
518.0 |
492.6 |
466.3 |
444.6 |
427.2 |
416.6 |
| Other |
|
1,172.8 |
1,126.1 |
1,076.9 |
1,040.4 |
987.9 |
970.4 |
| |
|
|
|
|
|
|
|
|
Gross private domestic investment |
|
3,212.8 |
3,057.2 |
3,056.6 |
2,851.6 |
2,670.0 |
2,475.2 |
| Fixed investment |
|
3,197.2 |
3,022.1 |
2,963.2 |
2,769.6 |
2,564.0 |
2,409.1 |
| Nonresidential |
|
2,449.6 |
2,316.3 |
2,311.3 |
2,210.5 |
2,047.1 |
1,970.0 |
| Structures |
|
560.2 |
516.2 |
507.3 |
506.9 |
456.4 |
437.3 |
| Equipment & software |
|
1,098.4 |
1,043.9 |
1,086.1 |
1,017.3 |
939.7 |
907.6 |
| Information processing equipment & software |
|
323.1 |
303.9 |
314.3 |
294.1 |
290.1 |
284.5 |
| Computers & peripheral equipment |
|
79.2 |
73.1 |
78.5 |
75.7 |
77.9 |
79.2 |
| Software |
|
243.9 |
230.8 |
235.8 |
304.9 |
294.4 |
281.6 |
| Other |
|
243.9 |
230.8 |
235.8 |
218.4 |
212.2 |
205.4 |
| Industrial equipment |
|
243.3 |
225.0 |
220.9 |
238.6 |
202.8 |
195.3 |
| Transportation equipment |
|
290.3 |
286.7 |
308.1 |
257.6 |
218.9 |
214.4 |
| Other equipment |
|
241.6 |
228.3 |
242.9 |
227.0 |
227.9 |
213.4 |
| Residential |
|
747.6 |
705.9 |
651.9 |
559.1 |
516.9 |
439.2 |
| |
|
|
|
|
|
|
|
| Change
in private inventories |
|
15.7 |
35.1 |
93.4 |
82.0 |
106.1 |
66.1 |
| Farm |
|
2.4 |
-0.6 |
-2.0 |
7.9 |
40.4 |
-11.7 |
| Nonfarm |
|
13.2 |
35.7 |
95.4 |
74.1 |
65.7 |
77.8 |
| |
|
|
|
|
|
|
|
| Net
exports of goods & services |
|
-571.6 |
-521.2 |
-522.0 |
-538.2 |
-497.3 |
-547.2 |
| Exports |
|
2,344.0 |
2,214.6 |
2,264.3 |
2,337.0 |
2,259.9 |
2,195.9 |
| Goods |
|
1,546.8 |
1,446.0 |
1,498.4 |
1,614.7 |
1,567.0 |
1,536.0 |
| Services |
|
797.1 |
768.5 |
765.9 |
722.2 |
692.9 |
659.9 |
| |
|
|
|
|
|
|
|
| Imports |
|
2,915.6 |
2,735.8 |
2,786.3 |
2,875.2 |
2,757.2 |
2,743.1 |
| Goods |
|
2,381.8 |
2,224.2 |
2,291.1 |
2,385.5 |
2,296.0 |
2,295.4 |
| Services |
|
533.8 |
511.6 |
495.2 |
489.7 |
461.2 |
447.7 |
| |
|
|
|
|
|
|
|
| Govt. consumption exp. & investment |
|
3,353.8 |
3,267.8 |
3,218.3 |
3,175.2 |
3,125.5 |
3,167.0 |
| Federal |
|
1,260.7 |
1,231.5 |
1,225.0 |
1,219.2 |
1,245.9 |
1,295.7 |
|
National defense |
|
744.4 |
728.9 |
732.0 |
761.5 |
770.7 |
817.1 |
|
Consumption expenditures |
|
588.7 |
585.2 |
590.6 |
618.9 |
612.0 |
652.0 |
|
Gross investment |
|
155.7 |
143.7 |
141.3 |
142.6 |
158.7 |
165.1 |
|
Nondefense |
|
516.2 |
502.6 |
493.0 |
457.6 |
475.1 |
478.6 |
|
Consumption expenditures |
|
389.1 |
379.4 |
373.1 |
346.3 |
359.0 |
359.7 |
|
Gross investment |
|
127.2 |
123.3 |
119.9 |
111.3 |
116.1 |
118.9 |
| State and local |
|
2,093.2 |
2,036.3 |
1,993.3 |
1,956.1 |
1,879.6 |
1,871.3 |
| Consumption
expenditures |
|
1,754.4 |
1,693.6 |
1,641.2 |
1,620.4 |
1,548.1 |
1,536.4 |
| Gross
investment |
|
338.8 |
342.7 |
352.2 |
335.7 |
331.5 |
334.9 |
| |
|
|
|
|
|
|
|
| Addenda: |
|
|
|
|
|
|
|
| Final sales of domestic product |
|
19,374.9 |
18,589.4 |
17,943.3 |
17,336.9 |
16,693.7 |
16,178.5 |
| Gross domestic purchases |
|
19,962.2 |
19,145.7 |
18,558.6 |
17,957.2 |
17,297.0 |
16,791.8 |
| Final sales to domestic purchasers |
|
19,946.5 |
19,110.6 |
18,465.2 |
17,875.1 |
17,191.0 |
16,725.7 |
| Gross national product |
|
16,592.7 |
15,842.8 |
15,246.9 |
17,630.6 |
17,057.5 |
16,497.4 |
| Net domestic product |
|
19,390.6 |
18,624.5 |
18,036.6 |
14,682.7 |
14,153.2 |
13,701.7 |
Next U.S. GDP report is expected on February 25, 2121.
|
